This is Merit: Our fees are zero; final HUD I says...

[jillayne]

[S-Crow]

Interesting Jillayne.

Makes you wonder how many of the former Merit LO's have formed other companies and still originate "business as usual"?

4 points? I've seen worse.

[biliruben]

Whenever I think of these defunct lenders, my first question is "where's the money?" Generally there isn't any, it sounds like, but my sense of justice just wants those who profited to pay in some way.

I guess jail is a consolation prize.

[mike2]

Well, what would it take to seize the personal homes and non-retirement assets of the brokers breaking the law? Fair is fair. They should be held civilly liable.

[biliruben]

I'm sure folks will try.

So the lawyers get it all.

[jillayne]

[Ubersalad]